A on july 1 2013 gallation corporation issued bonds with a, Ask an Expert

Accounting

a. on July 1, 2013, Gallation Corporation issued bonds with a face value of $1,000,000. The bonds carry a face interest rate of 10 percent that is payable each July 1 and January 1.

b. Prepare the entry in journal form without explanation for the issuance assuming the bonds are issued at 102.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91788026

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